Minors are held liable for real estate contract obligations if they

Simply reaching the age of 16 does not automatically confer the legal capacity to enter into binding contracts. Many jurisdictions consider the age of majority to be 18 years, meaning that minors under this age still lack the legal ability to be fully liable for contracts unless specific conditions, like a guardian's co-signature, are met.

Notarization does not change the legal status of a minor's ability to enter into contracts. While notarization can serve to authenticate signatures or provide evidence of the contract's execution, it does not provide the necessary legal capacity for a minor to be held liable for real estate contract obligations.

Graduating from high school does not impact a minor's legal status regarding contracts. A minor who has completed high school is still considered a minor under the law until they reach the age of majority. Therefore, this educational milestone does not affect their liability in contractual agreements.